This property looks like a bad Mid-Term investment with a projected -16.81% first-year return on $279k initial cash invested.
-16.81%
Cash On Cash
3.12%
Cap Rate
0.47
DSCR
$7,353
Rent
-$3,903
Cashflow
Cash Flow
$7,353 income − $11,256 expenses = $3,903 out of pocket
Investment Breakdown
|
Purchase Price
$1241k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$279k
Downpayment
20%
$248k
Closing costs
1%
$12,410
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,353
Total Expenses
$11,256
Mortgage P&I
93%
$6,833
Property Taxes
20%
$1,485
Home Insurance
6%
$438
HOA
0%
$0
Property Management
12%
$882
CapEx
4%
$294
Vacancy
3%
$221
Maintenance
4%
$294
Other
11%
$809